EC adopts Delegated Regulation on ex ante contributions to resolution financing arrangements under BRRD

The European Commission (EC) has adopted a Delegated Regulation amending Delegated Regulation (EU) 2015/63 on ex ante contributions to resolution financing arrangements. The amendments align the framework with recent changes to the Bank Recovery and Resolution Directive (BRRD), the Investment Firms Regulation (IFR) and the Investment Firms Directive (IFD). They also aim to reduce administrative burden and improve proportionality. The amendments include:

• Updates to the definition of "investment firms" and "competent authority".
• A simplified contribution methodology for certain Class 2 investment firms (with an option to apply risk‑adjusted calculations where this results in a lower contribution).
• Removal of the risk indicator based on own funds and eligible liabilities held in excess of the minimum requirement for own funds and eligible liabilities (MREL). This does not imply that MREL-related aspects will no longer be considered when risk-adjusting the contributions, however.
• Removal of the denominator from the interbank loans and deposits indicator.
• A limitation period for requesting restatements and revisions of data submitted to resolution authorities.

The Council and the European Parliament will now scrutinise the delegated regulation. If neither objects, it will be published in the Official Journal of the European Union and enter into force on the third day following publication. The amendments are intended to be deemed to have applied from 1 January 2026, except for the simplified methodology for Class 2 investment firms, which will apply from 1 January 2027.

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